California Public Employees Retirement System Portfolio holdings
The California Public Employees’ Retirement System (CalPERS), established in 1932 and headquartered in Sacramento, California, is the largest public pension fund in the U.S., managing over $510 billion in assets as of late 2024 to provide retirement and health benefits to more than 2 million state and local government employees, retirees, and their families. Operating as a defined benefit plan, CalPERS invests globally across equities, fixed income, real estate, private equity, and infrastructure, guided by a 13-member board and a commitment to sustainable investing and ESG (environmental, social, governance) principles under Chief Investment Officer Ben Meng since 2024. Known for its influential shareholder activism—pushing for corporate governance reforms—CalPERS serves over 3,000 employers, including state agencies and school districts, balancing long-term funding needs with a $100 billion unfunded liability challenge. As a cornerstone of California’s public sector, it blends financial stewardship with a mission to secure retiree livelihoods.
Top Buys
| 1 |
Texas Instruments
TXN
|
+$139M |
| 2 |
IBM
IBM
|
+$71.2M |
| 3 |
Tesla
TSLA
|
+$63.6M |
| 4 |
McKesson
MCK
|
+$58.3M |
| 5 |
GE HealthCare
GEHC
|
+$56.6M |
Top Sells
| 1 |
Apple
AAPL
|
+$1.15B |
| 2 |
Microsoft
MSFT
|
+$401M |
| 3 |
Amazon
AMZN
|
+$354M |
| 4 |
NVIDIA
NVDA
|
+$302M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$193M |
Sector Composition
| 1 | Technology | 25.31% |
| 2 | Healthcare | 15.71% |
| 3 | Financials | 12.15% |
| 4 | Consumer Discretionary | 9.55% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Shares Change % | Capital Flow | |
|---|---|---|---|---|---|---|
351
CrowdStrike
CRWD
$107B
| $55M | 0.05% |
400,929
-54,465
| -12% | -$7.48M |
|
352
Global Payments
GPN
$21.2B
| $55M | 0.05% |
522,512
-103,794
| -17% | -$10.9M |
|
|
DFS
353
DELISTED
Discover Financial Services
DFS
| $54.7M | 0.05% |
553,456
-94,861
| -15% | -$9.38M |
|
354
Oneok
OKE
$44.9B
| $54.6M | 0.05% |
859,599
-133,043
| -13% | -$8.45M |
|
355
State Street
STT
$31.7B
| $54.2M | 0.05% |
716,119
-131,585
| -16% | -$9.96M |
|
356
CoStar Group
CSGP
$37.3B
| $53.4M | 0.05% |
775,029
-118,199
| -13% | -$8.14M |
|
357
Lennar Class A
LEN
$36.9B
| $53.3M | 0.05% |
523,356
-58,984
| -10% | -$6M |
|
358
Enphase Energy
ENPH
$5.07B
| $53.2M | 0.05% |
253,125
-37,387
| -13% | -$7.86M |
|
359
Zimmer Biomet
ZBH
$20.7B
| $53M | 0.05% |
410,448
-61,389
| -13% | -$7.93M |
|
360
Take-Two Interactive
TTWO
$45.9B
| $52.6M | 0.05% |
441,183
-126,019
| -22% | -$15M |
|
361
Baker Hughes
BKR
$45B
| $52.3M | 0.05% |
1,812,491
-286,404
| -14% | -$8.27M |
|
362
Equity Residential
EQR
$25.4B
| $52M | 0.05% |
866,776
-86,181
| -9% | -$5.17M |
|
363
First Horizon
FHN
$11.3B
| $52M | 0.05% |
2,922,234
+1,258,263
| +76% | +$22.4M |
|
364
PG&E
PCG
$32B
| $51.3M | 0.05% |
3,174,643
-478,074
| -13% | -$7.73M |
|
365
Albemarle
ALB
$9.65B
| $51.2M | 0.05% |
231,733
-32,459
| -12% | -$7.17M |
|
366
LyondellBasell Industries
LYB
$17.6B
| $50.7M | 0.05% |
540,317
-70,852
| -12% | -$6.65M |
|
367
Trade Desk
TTD
$25.4B
| $50.6M | 0.04% |
830,673
-136,008
| -14% | -$8.28M |
|
368
Constellation Energy
CEG
$93.4B
| $50.4M | 0.04% |
642,650
-97,495
| -13% | -$7.65M |
|
369
PTC
PTC
$25.5B
| $50.4M | 0.04% |
393,201
-6,298
| -2% | -$808K |
|
|
WBA
370
DELISTED
Walgreens Boots Alliance
WBA
| $49.9M | 0.04% |
1,442,205
-212,822
| -13% | -$7.36M |
|
371
Veeva Systems
VEEV
$46.3B
| $48.9M | 0.04% |
266,021
-48,829
| -16% | -$8.97M |
|
372
Diamondback Energy
FANG
$39.7B
| $48.7M | 0.04% |
360,129
-53,602
| -13% | -$7.25M |
|
373
Quanta Services
PWR
$56B
| $48.7M | 0.04% |
292,077
-41,007
| -12% | -$6.83M |
|
374
T Rowe Price
TROW
$23.8B
| $48.6M | 0.04% |
430,806
-67,810
| -14% | -$7.66M |
|
375
Fortive
FTV
$16.2B
| $48.5M | 0.04% |
711,078
-92,393
| -11% | -$6.3M |
|